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Dołączył: 20 Gru 2010
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Wysłany: Śro 4:27, 05 Sty 2011 |
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Debt Settlement - Eliminate 70% of Your Credit Card Debt But Take a Lower Credit Score
By: Michigan
Debt settlement is probably the only good thing that came with the recession. Although there were other options available but none was as comforting and easing as the debt settlement. We all the time hear negative things about it but the truth is otherwise. The only aspect negative about it is that it fetches a lower credit score!
The truth is that facts cannot be camouflaged by hoax information. Many financial companies have started their campaigns to negatively portray debt settlements as something to be avoided. The law supports it and that is the truth.
According to the regulations when a person opts for a debt settlement he or she can get a great elimination deal through professional negotiations. In some cases this elimination can be up to 70% of the total amount of your credit card bill. This might slightly effect your credit score but not in a big way.
If your current rating is 720 or above, chances are that your score will dip down to somewhere between 674 and 719,[link widoczny dla zalogowanych], which is not that bad either. But if you want to improve your credit score you can still easily manage to do that by keeping up with your payments and in no time you will be above 720 again.
The fact is that credit score is just to pave your way to another loan and give you some better options with it. But if you can manage to get rid of 70% of your loan what could be better than that. The score is just to give guideline information about your credit history to the creditors and nothing more. Lowering it temporarily for a better financial gain is what I feel is the most appropriate usage of this score.
Besides,[link widoczny dla zalogowanych], when you have financial problems and find paying back your current debts there is no point in applying for more till you settle the existing ones. So the best option available is to go for a debt settlement, even if it means lowering your credit score. Remember, credit score is for your facilitation so you might use it to facilitate yourself instead of attempting to keep that number up you should consider lowering the payable amount. This is the real benefit that you can achieve form a good credit score and that is all that should actually matters,[link widoczny dla zalogowanych]!
If you have credit cards or other unsecured debt over $10k you will be eligible to eliminate up to 70% of this through a credit card debt settlement. CreditCardDebtNegotiations.com will provide legitimate debt relief help and free counseling for consumers. They are one of the largest and most respected debt relief networks on the marketplace and can help you eliminate unsecured debt.
Free Debt Advice
contact us for free debt advice = 8883613619
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